A Bitcoin whale has made waves by acquiring $200 million worth of BTC, just weeks after offloading over 11,400 coins.
According to Arkham Intelligence, the purchase on March 24 boosted the investor’s total holdings to more than 15,000 BTC, valued at approximately $1.3 billion. This move follows a period of selling in February when Bitcoin traded between $100,000 and $86,000.
Recent price action suggests renewed confidence, with Bitcoin fluctuating between $81,000 and $88,000 over the past week.
Another long-dormant whale also resurfaced, shifting over 3,000 BTC—worth $250 million—on March 22 after eight years of inactivity. The value of this stash has skyrocketed from $3 million in early 2017 to its current quarter-billion-dollar valuation.
Meanwhile, BlackRock has been steadily increasing its Bitcoin reserves, adding 4,054 BTC across multiple transactions. This brings its total holdings to nearly 574,000 BTC, worth over $50 billion.
The asset manager’s iShares Bitcoin Trust (IBIT) has also led a recovery in the U.S. spot Bitcoin ETF market, recording $744.4 million in net inflows, with the majority coming from IBIT and Fidelity’s FBTC.
Ethereum has also seen notable activity, with a single whale accumulating 7,074 ETH—worth $13.8 million—on March 21. While Ether remains far below its 2021 all-time high of $4,878, rising interest among large holders has fueled an increase in the number of addresses holding at least $100,000 in ETH, which grew from 70,000 to 75,000 in March.
Popular crypto analyst Il Capo of Crypto has issued a cautionary outlook for the digital asset market, warning of deeper corrections ahead as macroeconomic pressures return to the spotlight.
As Bitcoin briefly slipped to $103,000 last week, Strategy—the largest corporate BTC holder—seized the opportunity to grow its reserve.
Bitcoin’s recent price dip has stirred fresh debate around its connection to global liquidity, with analysts highlighting the relationship between BTC’s trajectory and the expanding M2 money supply.
On-chain analyst Willy Woo is signaling a possible cooldown in Bitcoin’s trend, suggesting the asset could be heading into a prolonged consolidation phase if it doesn’t reclaim strength soon.